Post navigation

Samsung posts record profit

SEOUL (Reuters) – Samsung Electronics Co reported a record quarterly profit of $ 8.3 billion and kept its 2013 investment plans at the previous year's level, defying expectations that it may reduce spending amid weaker demand for computer chips. The South Korean firm said October-December operating profit increased 89 percent from a year ago to 8.84 trillion korean won ($ 8.3 billion), in line with its earlier estimate. …